Archive for March, 2011

8 Things That Scream “Audit Me” To the IRS

Posted on March 29, 2011 by Saldutti

With tax season upon us and deadlines fast approaching, there are several things you need to know before filing so you can avoid the dreaded “audit.”  Audit is a very scary word … to accountants it means work and a paycheck; to most everyone else it instills a fear similar to getting sent to the principal’s office.  Business owners, in particular, do not look forward to being audited by the IRS – not the examination part, and not the potential penalties.  The good news is that if you’re smart – and honest – you probably won’t be audited. Here’s a…

Come On, Get Happy: New Study Tells You How

Posted on March 22, 2011 by Saldutti

While it’s hard to ignore the doom and gloom that dominates our media – high unemployment rate, floundering real estate market, a fragile economy, sky-high gas prices and of course, the recent tragic catastrophes in Japan – we have managed to find one happy little bright spot.  According to a recent post in The Business Insider, researchers have found that happiness is somewhat in our control.  Studies show that 50% of a person’s happiness is genetic, 10% is circumstantial, and 40% is based on intentional activity.  So, how can you shift that 40% in your favor?  Psychologists have found a…

Donating to Earthquake Relief Efforts? Please Beware of Scams!

Posted on March 15, 2011 by Saldutti

In the aftermath of the earthquake and subsequent tsunami that struck Japan on Friday, March 11, many Americans are eager to help victims and their families by making a charitable donation. The Office of Secretary of State and the Better Business Bureau caution everyone to make sure donations are going to reputable charities.  While many of the groups responding to the crisis in Japan are long-standing, reputable charities, some may be bogus groups looking to cash in on people’s generosity. Going back to Hurricane Katrina and the 9/11 terrorist attacks, there have been many cases of charity scams in which…

85% of CFOs Expect to Make No Changes in Staffing

Posted on March 08, 2011 by Saldutti

How do 89% of CFOs expect their firms to grow in the second quarter of 2011 while 85% do not expect to add any new full-time accounting and finance professionals? It doesn’t take a mathlete to figure out what that means for those of you lucky enough to work for these CFOs, so you better get to slacking off now before they come down to your cube and kindly inform you you’ll need to go ahead and come in on Saturday. Robert Half International, the largest specialized financial recruitment service, interviewed 1,400 CFOs across the country for their Robert Half…

Shocking New Economic Records Set in 2010

Posted on March 01, 2011 by Saldutti

010 will be remembered for a lot of things, but for those living in the United States, one of the main things that last year will be remembered for is economic decline.  The number of foreclosure filings set a new record, the number of home repossessions set a new record, the number of bankruptcies went up again, U.S. government debt reached record highs, and the list goes on.  In fact, even many of the “good” economic records that were set during 2010 were indications of underlying economic weakness.  For example, the price of gold set an all-time record during 2010,…